iBrands Corp. (IBRC)

[invest007]

If you own 12,000,000 shares and the current price is $.0006 after the r/s you will own 12m/4000=3000 shares but the new share price would be $.0006 * 4000=$2.40 per share. Value would still be the same, but R/S are generally viewed as negative by investors unless some major change in management occurs which is the case here, but I still think it is overall not a good thing.
When I sent a PM to DL just now about the R/S they said:
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Just to be clear. We are not putting more shares on the market. We are reducing the amount of shares on the market to create the correct market value of our proprietary technology.
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